any loan made by a holding company to its wholly owned subsidiary company or any guarantee given or security provided by a holding company in respect of any loan made to its wholly owned subsidiary company;...
A holding company can provide loan, security or guarantee to its wholly owned subsidiary company .. Provided the loan so provided is utilised only for its principal activities of the business and not for any other purpose
Yes according to my interpretation .. and 1.the company has to pass resolution for the same 2. it should be within the prescribed limit 3. co. should also intimate to the members by stating in financials of the company
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